Truth matters. Community matters. Your support makes both possible. LAist is one of the few places where news remains independent and free from political and corporate influence. Stand up for truth and for LAist. Make your year-end tax-deductible gift now.
This is an archival story that predates current editorial management.
This archival content was written, edited, and published prior to LAist's acquisition by its current owner, Southern California Public Radio ("SCPR"). Content, such as language choice and subject matter, in archival articles therefore may not align with SCPR's current editorial standards. To learn more about those standards and why we make this distinction, please click here.
New 43-Story Tower Approved for Downtown
A new mixed use tower to across the street from the LA Convention Center was approved today by City Council. It will be New York City-based architect Daniel Libeskind's first for Los Angeles and the savvy architectural readers at Curbed LA are mostly giving a thumbs up. The building, located at 1340 S Figueroa Street, will include " include 273 residential units stacked atop an eight-level podium, restaurants and a spa," according to the LA Times.
The building is funded by CA Human Technologies, a conglomeration of two Korean firms. Over a 7th and Figueroa, another Korean owned development is on the drawing boards. If it goes through, the $1 billion development would replace the Wilshire Grand Hotel with two buildings--a 60-story and a 40-story--that will house a hotel, residences and commercial units.
You come to LAist because you want independent reporting and trustworthy local information. Our newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our connected community. We are free to tell the full truth, to hold power to account without fear or favor, and to follow facts wherever they lead. Our only loyalty is to our audiences and our mission: to inform, engage, and strengthen our community.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive before year-end will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
Senior Vice President News, Editor in Chief
